Mao Money

By greenteapanda

December 4, 2006

Category: Living

Leave a Comment »

I have wondered for quite awhile why Mao is on all the modern Chinese currency. I always thought the older Chinese currency looked much better – it has pictures of various workers and ethnic minorities working in groups. Seemed a lot more socialist to me than just having Mao.
Then I learned that it was easy for people to counterfeit Chinese currency because people did not recognise characters on the different denominations of currency. Everybody knows what Mao should look like. So the standardisation on Mao helped people recognise right away if they held legit currency or not. Or at least fake currency that actually resembled the real thing.
I have had banks in China hand me some bills that were counterfeit. They had Mao, but were missing other important features. Haven’t experienced that in other countries, at least not yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: